We’re also committed to not participating in tax evasion or aggressive tax planning, or providing tax advice to third parties.
In 2019, approximately 43 per cent of Lendlease’s earnings were derived from our regional businesses in Asia, Europe and the Americas, and approximately 57 per cent was generated from operations in Australia. Corporate tax is paid by Lendlease Corporation Limited (and its subsidiaries) in line with the relevant corporate tax law of the jurisdiction in which income is generated.
The corporate tax rates applying to our regional businesses differ to the Australian corporate tax rate of 30 per cent. Some jurisdictions in which Lendlease operates have corporate tax rates higher than Australia (eg United States and Japan); while other jurisdictions have lower corporate tax rates (eg Singapore and United Kingdom).
Lendlease’s 2019 Tax Report, which provides additional details on the company’s tax position, can be downloaded here.